After costs, if the gap returns to its 7d average, $10k−$45
spread now−0.106%7d average+0.016%fees + slippage, in and out−$33spread needed0.326%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CRCL_USDC-PERPETUAL | 94.710 | 0 | get 0.0000% / 1h | 36m 51s | $4K | $801K | 10x |
| Short | Binance CRCLUSDT | 94.610 | 0.0219 | get 0.0219% / 8h | 36m 51s | $107.2M | $333.1M | 50x |
Deribit CRCL_USDC-PERPETUAL
Binance CRCLUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$10.56
- Funding while held
- $6.56
- Slippage, 4 orders
- −$15.65
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.65
- Spread needed to break even
- 0.326%
Slippage from Deribit: live order book, 9 min ago; Binance: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0219%
- Per $10,000 a day
- +$6.56
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 9 min ago | 6.31 bp | 9.8 bp −$10 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.52 bp | 6.5 bp −$7 | 9.2 bp −$92 | 31.1 bp −$3,115 | 107.3 bp −$53.7K |
CRCL price on every exchange
against the cheapest. Click to use as the short leg.Nado94.567cheapestVest94.580+0.014%Arcus94.600+0.035%tradeXYZ94.601+0.036%Extended94.603+0.038%Polymarket Perps94.604+0.039%
Nado
Vest
Arcus
tradeXYZ
Extended
Polymarket PerpsBinance94.610+0.045%
OKX94.610+0.045%QFEX94.610+0.045%KuCoin94.610+0.045%Bitget94.620+0.056%Aster94.638+0.075%Gate94.640+0.077%BloFin94.640+0.077%Bybit94.650+0.088%RISEx94.660+0.098%Orderly94.660+0.098%Ondo Perps94.680+0.119%SoDEX94.687+0.127%Pacifica94.688+0.128%Coinbase International94.700+0.141%Paradex94.707+0.148%Aevo94.707+0.148%Lighter RH94.710+0.151%
OKX
QFEX
KuCoin
Bitget
Aster
Gate
BloFin
Bybit
RISEx
Orderly
Ondo Perps
SoDEX
Pacifica
Coinbase International
Paradex
Aevo
Lighter RHDeribit94.710+0.151%
Phoenix94.724+0.166%Phemex94.730+0.172%Lighter94.772+0.217%Aftermath Perps94.861+0.310%ApeX Omni94.890+0.341%Variational Omni95.066+0.527%edgeX95.086+0.549%Injective95.530+1.018%
Phoenix
Phemex
Lighter
ApeX Omni
Variational Omni
InjectiveCRCL on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado CRCL-PERP | −0.151% | +0.0305% | 1h | $132K | $79K | 3x | as long as short |
| Vest CRCL-USD-PERP | −0.137% | +0.0046% | 1h | — | $41K | 25x | as long as short |
| Arcus CRCL-USD | −0.116% | +0.0063% | 1h | $110K | $254K | 10x | as long as short |
| tradeXYZ xyz:CRCL | −0.115% | +0.0050% | 1h | $71.8M | $39.4M | 10x | as long as short |
| Extended CRCL_24_5-USD | −0.113% | +0.0216% | 1h | $1.0M | $3.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | −0.112% | +0.0050% | 1h | $356K | $1.1M | 10x | as long as short |
| Binance CRCLUSDTshort | −0.106% | +0.0219% | 8h | $107.2M | $333.1M | 50x | |
| OKX CRCL-USDT-SWAP | −0.106% | +0.0209% | 8h | $22.6M | $53.0M | 50x | as long as short |
| QFEX CRCL-USD | −0.106% | +0.0046% | 1h | $1.4M | $2.6M | 10x | as long as short |
| KuCoin CRCLUSDTM | −0.106% | +0.0223% | 8h | $2.9M | $1.3M | 20x | as long as short |